Adrian, a resident taxpayer earned $118,000 in income in the 2020-21 tax year from which his employer withheld $37,000 in PAYG tax. He received $2,800 in his bank account from a fully franked dividend from Telstra, a listed company in Australia. His bank account was also credited with an amount of $5,500 as interest income (after tax) derived from his term deposit. As Adrian did not provide the bank with his tax file number, 45% of the interest earned had been withheld. He also has a holiday house as investment property in Gold Coast. The holiday house was available for rent for 10 months, as Adrian and his family stayed in the house for the entire July and August in 2020. His gross rent income for the 2020-21 tax year was $200,000. The annual maintenance costs on this property were $12,000, and the annual interest expenses were $150,000. Adrian has no dependents and has private health insurance. Required: Calculate Adrian's taxable income and tax payable/refundable for 2020-21 income tax year